Investors Mark Down Chico's, A&F
Shares of Chico's FAS (CHS) dropped sharply Thursday after the retailer posted 24 cents vs. 18 cents fourth quarter EPS on 15% higher same-store sales and 32% higher total sales. The company says growth strategies are likely to impact gross and operating margins. S&P upgraded the shares to buy from strong buy. Prudential cut its rating to underweight.
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